I need to write the program under MQL4 for automatic process of investment for each item of FOREX market (under x-Trade v. 4.00 Build 206 platform)
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I need to write the program under MQL4 for automatic process of investment for each item of FOREX market (under x-Trade v. 4.00 Build 206 platform), for example: EURUSD, EURJPY, GBPUSD, OIL, GOLD etc...
The program should be based on "Ichimoku Kinko Hyo" & "RSI" indicators. We have the following data:
Parameters of the Ichimoku Kinko Hyo indicator:
1/. Tenkan-sen (red line): 8
2/. Kiju-sen (blue line): 22
3/. Chinkou Span (gray line)
4/. Up Kumo (orange line)
5/. Down Kumo (Violet line)
6/. Senkou Span B: 44
Parameters of the RSI indicator:
7/. Current VALUE of RSI
8/. Current price: CP
Paramters for current char (M1, M5, M30, H1, H4, D, W, M)
M 720 (30*24)
W 168 (7*24)
D 24 (1*24)
H4 4
H1 1
M30 0.5 (30/60)
M15 0.25 (15/60)
M5 0.083333333 (5/60)
M1 0.016666667 (1/60)
9/. Current time: Now()
10/. Previous time: Now() - (Char type/24) * 22
11/. Previous short time period
============================================================
From the point of view of the Ichimoku Kinko Hyo paramters: 8,22,44 for example:
M char, the previous date should be calcuted as: Now()-(720/24)*22
W chart, the previous date should be calcuted as: Now()-(168/24)*22
D chart, the previous date should be calcuted as: Now()-(24/24)*22
H4 chart, the previous date should be calcuted as: Now()-(4/24)*22
H1 chart, the previous date should be calcuted as: Now()-(1/24)*22
M30 chart, the previous date should be calcuted as: Now()-(0.5/24)*22
M15 chart, the previous date should be calcuted as: Now()-(0.25/24)*22
M5 chart, the previous date should be calcuted as: Now()-(0.083333333/24)*22
M1 chart, the previous date should be calcuted as: Now()-(0.016666667/24)*22
------------------------------
How to write the code what will make the decision BUY or SELL the minimum quantity of the quoted item??? For example: EURUSD depending on current values of:
1/. Current price
2/. Tenkan-sen (red line)
3/. Kiju-sen (blue line)
4/. Chinkou Span (gray line) vs Previous date
5/. Up Kumo (orange line)
6/. Down Kumo (Violet line)
7/. RSI current value
Conditions to automatic investment:
Signals to BUY (conditions to open the transaction) :
================================
Current Price.Value > Tenkan-sen.Value
Current Price.Value > Kiju-sen.Value
Tenkan-sen.Value = Kiju-sen.Value
Tenkan-sen.Value of previous short time period (for example for chart H4, should be calculated as: Now()-(4/24)*3 <= warning: not 22 because of short time period) must be less than Kiju-sen.Value of the same previous short time period
Current Price should be less than Chinkou Span.value (gray line) vs Previous date (Now()-(4/24)*22)
RSI value should be
less or equeal 30
or
grater than 50 but less than 70
Signals to SELL (conditions to open the transaction) :
=================================
Current Price.Value < Tenkan-sen.Value
Current Price.Value < Kiju-sen.Value
Tenkan-sen.Value = Kiju-sen.Value
Tenkan-sen.Value of previous short time period (for example for chart H4, should be calculated as: Now()-(4/24)*3 <= warning: not 22 because of short time period) must be grater than Kiju-sen.Value of the same previous short time period
Current Price should be higher than Chinkou Span.value (gray line) vs Previous date (Now()-(4/24)*22)
RSI value should be
less than 50
or
grater or equeal than 70
TAKE PROFIT:
For the opened positions as BUY: should be set as the open transaction rate + 100 pips
For the opened positions as SELL: should be set as the open transaction rate - 100 pips
STOP LOSS: 0 (without stop loss)
If you have any idea how to write the proper code under this platform, please give me the answer on e-mail or here on this public forum.
Best regards,
Piotr